According to Bespoke Invest, The S&P 500 is currently on pace to close at a new bull market high for the first time since February 18th. With this milestone, the bull market will officially make it to the two-year mark (the last closing high on 2/18 was two and a half weeks shy of the two-year mark). In the chart below we compare the current bull market to the 25 prior S&P 500 bull markets since 1928. With a gain of about 99% in a little more than two years (778 days), the current bull market ranks right near the middle in terms of duration (11th) and performance (9th). Not including the current period, the average bull market has seen a gain of 101.6% over a period of 890 calendar days. -Bespoke
The S&P 500 closed at a new bull market high yesterday, but based on the most recent bullish sentiment reading from the American Association of Individual Investors (AAII) you would not know it. In the last week, bullish sentiment did increase, but at a current level of 37.90% sentiment is hardly ebullient. -Bespoke
Source: Bespoke Investment Group